Replies to post #65104 on Ocata Therapeutics Inc fka OCAT

[MightyLion]

The amount of this default is less material than the fact they have defaulted at all, as far as future financing goes.

Future financing will definitely use this default as leverage to add a few points or conditions to any agreement - after all, their business is to make money, and no financier is going to pass up an opportunity to sweeten the deal in their favor, and defaulting on a past debt is a huge and legitimate factor when it comes to negotiating terms of finance, regardless of the prospects of ACTC moving forward.

Certainly if things go as we hope with the technology, financing will be made available, but again, there is zero possibility that this default will not have an impact on the terms of any said financing, and it will be to our detriment. There is no way around that.

It is beyond explanation that ACTC would risk IP and the terms of future financing on a relatively small amount (assuming their restated financials are accurate). The facts as we know them are just not adding up. The continued silence from ACTC management is only compounding this concern. I am very very worried.

[art2426]

They are NOT going to lose their IP. This and all other demise and bankruptcy BS is just that. 1.2 million (if responsible for) is NOT going to bankrupt this company. This is all good fodder for those that have an agenda to use such. Remember in a court of law there is ALWAYS 2 sides to every story.

[Fern Wood]

I wonder if something in the restatement of the past years financials gives ACTC leverage to renegotiate the settlement. Perhaps something about the nature of the transactions disqualifies something about the basis.